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400 Lincoln St Hingham, MA ...

Jumbo Capital Buys Retail Property In Hingham, MA For $45.25M
SOLDRetail

Jumbo Capital Buys Retail Property In Hingham, MA For $45.25M

400 Lincoln St Hingham, MA 02043, USA

$45,250,000

$354/SF

Building Size

127,505 SF

Asset Type

Retail

Closing

May 15, 2023

AI

An retail property located at 400 Lincoln Street in Hingham, MA has been sold in a transaction. The property spans a total of 127,505 square feet and was sold for a price of $45,250,000, resulting in a price per square foot of $355.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $45,250,000
  • Square Footage: 127,505
  • Address: 400 Lincoln Street, Hingham, MA
  • Market: Hingham, MA

Jumbo Capital acquired the property from AEW Capital Management. The transaction was facilitated by the brokers Robert Griffin, Jonathan Martin, and Paul Penman of Newmark.

Players

Robert Griffin

Newmark

Broker

$7.3B

vol

72 deals

Broker
Jumbo Capital
Jumbo CapitalBuyer
AEW Capital Management
AEW Capital ManagementSeller
AEW Capital Management
AEW Capital ManagementLender

Boston Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93